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SpaceX launches IPO, making Elon Musk the world’s first trillionaire

The Hill
June 12, 2026 at 4:00 PM
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SpaceX launches IPO, making Elon Musk the world’s first trillionaire

Elon Musk’s SpaceX made its highly anticipated stock market debut Friday morning, establishing him as the first person to ever be worth $1 trillion. The spacecraft and satellite communications company began trading on the Nasdaq with shares opening at $150, about 11 percent above the initial public offering (IPO) price of $135. It is the…

Elon Musk’s SpaceX made its highly anticipated stock market debut Friday morning, establishing him as the first person to ever be worth $1 trillion. The spacecraft and satellite communications company began trading on the Nasdaq with shares opening at $150, about 11 percent above the initial public offering (IPO) price of $135. It is the…